Indonesia To Invest In Nigeria's Economy

Indonesia ambassador to Nigeria, Harry Purwanto says his home government is ready to invest in Nigeria’s solid minerals and mining sub-sector.

The Indonesian envoy said this during the signing of a memorandum of understanding, MOU between Nigeria and Indonesia owned mining corporation, P.T. Timah which is set to invest billions of dollars in Nigeria.

Purwanto said the Indonesian investment is geared towards boosting solid mineral production and increase in non-oil revenue earnings in line with the Buhari administration’s resolve to diversify the nation’s economy.

Signing on behalf of the Nigerian partners, Senator Annie Okonkwo, said Nigeria was on the path to increasing production capacity in solid minerals to meet export demands around the globe before the end of 2018.

He expressed confidence that both Nigeria and Indonesia will cash in on the cordial relations between the two Countries